Mastercard Incorporated (NYSE:MA) – Stock analysts at Cantor Fitzgerald boosted their FY2019 EPS estimates for shares of Mastercard in a note issued to investors on Sunday. Cantor Fitzgerald analyst J. Foresi now anticipates that the credit services provider will post earnings per share of $6.97 for the year, up from their prior estimate of $6.33. Cantor Fitzgerald currently has a “Overweight” rating and a $198.00 target price on the stock.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share.
Mastercard (MA) traded up $1.42 during trading hours on Wednesday, hitting $170.70. The stock had a trading volume of 2,467,630 shares, compared to its average volume of 3,786,841. The stock has a market capitalization of $182,110.00, a price-to-earnings ratio of 46.73, a PEG ratio of 1.67 and a beta of 1.26. Mastercard has a 52-week low of $105.80 and a 52-week high of $177.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.66 and a current ratio of 1.57.
Institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted its position in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock worth $118,000 after purchasing an additional 12 shares during the last quarter. First Interstate Bank boosted its position in Mastercard by 1.4% in the second quarter. First Interstate Bank now owns 1,643 shares of the credit services provider’s stock worth $200,000 after purchasing an additional 23 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC boosted its position in Mastercard by 1.8% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 2,427 shares of the credit services provider’s stock worth $295,000 after purchasing an additional 44 shares during the last quarter. American Asset Management Inc. boosted its position in Mastercard by 2.4% in the second quarter. American Asset Management Inc. now owns 2,100 shares of the credit services provider’s stock worth $255,000 after purchasing an additional 50 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. boosted its position in Mastercard by 1.2% in the second quarter. ZWJ Investment Counsel Inc. now owns 5,067 shares of the credit services provider’s stock worth $615,000 after purchasing an additional 60 shares during the last quarter. 75.79% of the stock is currently owned by institutional investors.
In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Mastercard’s payout ratio is presently 27.40%.
Mastercard declared that its Board of Directors has initiated a stock repurchase program on Monday, December 4th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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